How crypto crash pushed Fear & Greed Index at extreme since Bitcoin trading

in Steem Alliance5 days ago

Hello friends and family how are you doing I hope everyone is good, I am hers to explore my knowledge about the how can crypto crashed Pushed Fear and Greed Index to highly extreme level since Bitcoin Traded.

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Hence it is evident from the history in trade there must be a indicator which can cause a Parameter to buy and sold crypto asset furthermore as the crypto market is highly unpredictable and we can not state it 100 %, but still news sentiments has put pressure in term of fear or sometimes greed and currently; it seemed at bit lower level since the trading in BTC has been started.

As we know that crypto market is highly volatile and we can not predict witt % accurate. The behavior of people moved changed with news sentiment and they become very greedy and the situation of fear of missing out prevalent. The investors tends to be very reactive in such condition and sold their coins widely as they observed market is bearish.

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Well, report from different analysis shows a clear evidence that crypto traders observe more negative sentiments from the ending of year 2022, its just like crypto winters in which the price of the BTC assets showing a lower value of more than $54000 worth.

The data collected from highly following crypto fear and greed index showed that if we wanted to see in figure the enthusiasm of market of crypto and other currencies its a level of 0 level of fear and if we greed level its stands out at 100.
It can be elobrated more Precise for better understanding 0 it predicted the higher value of fear while if it standing at 100 shows the maximize greed level.

So crypto market we can see two kinds of trends, one is the fear at extremely level and the behavior of traders is in tension which obviously caused a situations of more buying of assets. While other one is greed which is opposed to fear one.

The investors always seems highly vigilant in term of a signal sell signal and it was touched to fgd level of 90 and definitely it put pressure on market ad BTC reached at worth of $73500, which shows news sentiments had definitely effect on buying and selling pressure in the crypto market.

After this the value of BTC and also ETH was dropped up to 30% it also effects many altcoins and few are diminishes completely.

The effects of news sentiments.

If we see it more closely its evident from the past data the higher level of fear is the cause of more buying assets for the investors but in real sense there are many things which are to be considering by traders which keeping out from the fear.

The analysis has clear illustrated that selling pressure is not likely to be very stable it happened for short time period and will ended soon, as the largest amount of assets are still holded by German, US Government and the Mt. Gox too.

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Furthermore, Markus Thielen which is the founder of 10x research he elobrated in email the August and September months will he highly challenging and it would set new history perhaps for the investors too. It would be somewhat great time for the investors.

Its all about my today's post being steemian obviously we wanted to aware what is going on the crypto market nd how news sentiments may become the source of fear and greed for us.

Thank you for reading.

Kind regards

@drhira

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 4 days ago (edited)
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Note:- There are lots of grammatical errors in your post, you can make use of grammarly to correct them.

Regards,
@jueco

Thank you I will follow guidance and improve it.

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